[WSBAPT] TOD Deed for a coop?

[John J. Sullivan]

Lisa: 

My recollection is that a coop interest combines a share of stock in the association with a long term lease linked to the shares. 

Aren’t the transferability and manner of transfer controlled by a Shareholder Agreement? Can’t it be amended to provide for the Shares and lease to pass in accordance with a testamentary beneficiary designation?

John J. Sullivan

Sent from my iPhone

> On May 16, 2018, at 5:18 PM, Lisa E Schuchman <lisa at lisaschuchman.com> wrote:
> 
> Can a TOD Deed be used for a coop?  It isn’t real estate, so doesn’t seem likely.  If not, does anyone know how to make a coop a non-probate asset?
>  
> Thanks.
>  
> Lisa E. Schuchman
> 206-960-4212
> www.lisaschuchman.com
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